Richard Schulze

Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and Exchange Commission filing, Riggio said he plans to make an offer for Barnes & Noble Booksellers and barnesandnoble.com. The proposal will exclude the separate unit the company created this fall to deal with its Nook e-reader and college bookstores efforts. The New York company’s stock was up as much as 11% in Monday morning trading to $15.01 a share. Barnes & Noble acknowledged Riggio’s interest in a statement and said...

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Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth.
In a Securities and Exchange...